After-hours movers: Apple, Intel, Amazon, and more
After-Hours Stock Movers:
Apple (NASDAQ: AAPL) rose 1% after it reported another strong quarter, beating consensus estimates on the top and bottom line. Services revenue reached a new all-time high.
Intel (NASDAQ: INTC) fell 17% after it suspended its dividend and announced a cost reduction plan, while issuing disappointing guidance. Its comprehensive reduction in spending includes a more than 15% headcount reduction.
Amazon (NASDAQ: AMZN) fell 6% after publishing disappointing quarterly sales and sales guidance. Net sales are expected to grow between 8% and 11% compared with third quarter 2023.
Snap (NYSE: SNAP) fell 17% after issuing guidance for third quarter operating profit that trailed estimates. Daily Active Users increased 9% year-over-year to 432 million.
Coinbase (NASDAQ: COIN) rose 2% after second quarter revenue beat estimates.
DoorDash (NASDAQ: DASH) rose 13% after second quarter revenue and operating profit topped consensus estimates.
Block (NYSE: SQ) rose 5% after raising its annual guidance.
Cloudflare (NYSE: NET) rose 8% after after reporting strong second quarter results and guidance.